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Succession planning is ranked among the most critical issue faced by family-controlled conglomerates in South-East Asia. These organizations are not only the major engine of growth and a key barometer of Asian economy, but many of them have expanded their businesses globally. However, according to Family Business Institute, only 30% of family-owned or family-controlled businesses will last into second generation and 12% remain viable into third generation. Asia is the most culturally diverse region, and each of the country in Asia is at different socio-economic development stage. These factors have significant impacts on leadership succession planning in Asian businesses. This session will help you understand:
· The cultural impact on succession planning in Asian family-controlled businesses.
· The common roadblocks surrounding succession planning in Asia.
· An effective strategy in design and implementation of succession planning.